EQUINOR ASA-SPON ADR (EQNR) Stock Fundamental Analysis

NYSE:EQNR • US29446M1027

29.015 USD
+0.2 (+0.68%)
Last: Feb 23, 2026, 03:06 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall EQNR gets a fundamental rating of 5 out of 10. We evaluated EQNR against 206 industry peers in the Oil, Gas & Consumable Fuels industry. EQNR has only an average score on both its financial health and profitability. EQNR is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • EQNR had positive earnings in the past year.
  • In the past year EQNR had a positive cash flow from operations.
  • EQNR had positive earnings in each of the past 5 years.
  • In the past 5 years EQNR always reported a positive cash flow from operatings.
EQNR Yearly Net Income VS EBIT VS OCF VS FCFEQNR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B

1.2 Ratios

  • With a Return On Assets value of 3.83%, EQNR perfoms like the industry average, outperforming 54.85% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 12.48%, EQNR is in the better half of the industry, outperforming 71.36% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 21.37%, EQNR belongs to the top of the industry, outperforming 97.09% of the companies in the same industry.
Industry RankSector Rank
ROA 3.83%
ROE 12.48%
ROIC 21.37%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
EQNR Yearly ROA, ROE, ROICEQNR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

1.3 Margins

  • EQNR's Profit Margin of 4.77% is in line compared to the rest of the industry. EQNR outperforms 45.15% of its industry peers.
  • EQNR's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 25.85%, EQNR is doing good in the industry, outperforming 66.50% of the companies in the same industry.
  • In the last couple of years the Operating Margin of EQNR has grown nicely.
  • The Gross Margin of EQNR (47.87%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of EQNR has declined.
Industry RankSector Rank
OM 25.85%
PM (TTM) 4.77%
GM 47.87%
OM growth 3Y-19.71%
OM growth 5Y27.45%
PM growth 3Y-37.26%
PM growth 5YN/A
GM growth 3Y-9.17%
GM growth 5Y-2.43%
EQNR Yearly Profit, Operating, Gross MarginsEQNR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • EQNR has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • There is no outstanding debt for EQNR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
EQNR Yearly Shares OutstandingEQNR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
EQNR Yearly Total Debt VS Total AssetsEQNR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

  • EQNR has a debt to FCF ratio of 5.22. This is a neutral value as EQNR would need 5.22 years to pay back of all of its debts.
  • The Debt to FCF ratio of EQNR (5.22) is better than 65.53% of its industry peers.
  • A Debt/Equity ratio of 0.64 indicates that EQNR is somewhat dependend on debt financing.
  • EQNR has a Debt to Equity ratio of 0.64. This is comparable to the rest of the industry: EQNR outperforms 40.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 5.22
Altman-Z N/A
ROIC/WACC2.78
WACC7.69%
EQNR Yearly LT Debt VS Equity VS FCFEQNR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B 50B

2.3 Liquidity

  • EQNR has a Current Ratio of 1.24. This is a normal value and indicates that EQNR is financially healthy and should not expect problems in meeting its short term obligations.
  • EQNR's Current ratio of 1.24 is in line compared to the rest of the industry. EQNR outperforms 55.34% of its industry peers.
  • A Quick Ratio of 1.13 indicates that EQNR should not have too much problems paying its short term obligations.
  • EQNR has a Quick ratio of 1.13. This is comparable to the rest of the industry: EQNR outperforms 56.80% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 1.13
EQNR Yearly Current Assets VS Current LiabilitesEQNR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for EQNR have decreased strongly by -22.98% in the last year.
  • Measured over the past years, EQNR shows a very strong growth in Earnings Per Share. The EPS has been growing by 54.69% on average per year.
  • Looking at the last year, EQNR shows a small growth in Revenue. The Revenue has grown by 3.24% in the last year.
  • Measured over the past years, EQNR shows a quite strong growth in Revenue. The Revenue has been growing by 18.26% on average per year.
EPS 1Y (TTM)-22.98%
EPS 3Y-29.61%
EPS 5Y54.69%
EPS Q2Q%28.57%
Revenue 1Y (TTM)3.24%
Revenue growth 3Y-10.78%
Revenue growth 5Y18.26%
Sales Q2Q%-4.38%

3.2 Future

  • EQNR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.62% yearly.
  • EQNR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.40% yearly.
EPS Next Y11.87%
EPS Next 2Y10.2%
EPS Next 3Y8.24%
EPS Next 5Y6.62%
Revenue Next Year-5.99%
Revenue Next 2Y-2.44%
Revenue Next 3Y-0.4%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
EQNR Yearly Revenue VS EstimatesEQNR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50B 100B 150B
EQNR Yearly EPS VS EstimatesEQNR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.61, the valuation of EQNR can be described as very reasonable.
  • EQNR's Price/Earnings ratio is rather cheap when compared to the industry. EQNR is cheaper than 80.58% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, EQNR is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 10.37, the valuation of EQNR can be described as very reasonable.
  • EQNR's Price/Forward Earnings ratio is rather cheap when compared to the industry. EQNR is cheaper than 85.92% of the companies in the same industry.
  • EQNR is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.02, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.61
Fwd PE 10.37
EQNR Price Earnings VS Forward Price EarningsEQNR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, EQNR is valued cheaply inside the industry as 99.03% of the companies are valued more expensively.
  • 75.73% of the companies in the same industry are more expensive than EQNR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.12
EV/EBITDA 1.75
EQNR Per share dataEQNR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.98
PEG (5Y)0.21
EPS Next 2Y10.2%
EPS Next 3Y8.24%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.35%, EQNR is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.52, EQNR pays a bit more dividend than its industry peers.
  • EQNR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5.35%

5.2 History

  • The dividend of EQNR is nicely growing with an annual growth rate of 24.62%!
  • EQNR has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)24.62%
Div Incr Years0
Div Non Decr Years0
EQNR Yearly Dividends per shareEQNR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • EQNR pays out 94.98% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of EQNR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP94.98%
EPS Next 2Y10.2%
EPS Next 3Y8.24%
EQNR Yearly Income VS Free CF VS DividendEQNR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B
EQNR Dividend Payout.EQNR Dividend Payout, showing the Payout Ratio.EQNR Dividend Payout.PayoutRetained Earnings

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EQUINOR ASA-SPON ADR

NYSE:EQNR (2/23/2026, 3:06:07 PM)

29.015

+0.2 (+0.68%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-04
Earnings (Next)05-06
Inst Owners18.36%
Inst Owner Change-15.58%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap72.44B
Revenue(TTM)105.83B
Net Income(TTM)5.04B
Analysts50.29
Price Target25.36 (-12.6%)
Short Float %3.55%
Short Ratio6.18
Dividend
Industry RankSector Rank
Dividend Yield 5.35%
Yearly Dividend3.02
Dividend Growth(5Y)24.62%
DP94.98%
Div Incr Years0
Div Non Decr Years0
Ex-Date05-15
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.71%
Min EPS beat(2)-36.86%
Max EPS beat(2)25.44%
EPS beat(4)1
Avg EPS beat(4)-9.04%
Min EPS beat(4)-36.86%
Max EPS beat(4)25.44%
EPS beat(8)4
Avg EPS beat(8)-0.56%
EPS beat(12)6
Avg EPS beat(12)-1.17%
EPS beat(16)8
Avg EPS beat(16)1.03%
Revenue beat(2)2
Avg Revenue beat(2)16.68%
Min Revenue beat(2)10.59%
Max Revenue beat(2)22.78%
Revenue beat(4)4
Avg Revenue beat(4)13.25%
Min Revenue beat(4)8.5%
Max Revenue beat(4)22.78%
Revenue beat(8)6
Avg Revenue beat(8)6.03%
Revenue beat(12)7
Avg Revenue beat(12)1.98%
Revenue beat(16)10
Avg Revenue beat(16)0.83%
PT rev (1m)3.97%
PT rev (3m)1.31%
EPS NQ rev (1m)-3.63%
EPS NQ rev (3m)-10.8%
EPS NY rev (1m)-0.59%
EPS NY rev (3m)-6.62%
Revenue NQ rev (1m)16.04%
Revenue NQ rev (3m)15.15%
Revenue NY rev (1m)3.12%
Revenue NY rev (3m)1.07%
Valuation
Industry RankSector Rank
PE 11.61
Fwd PE 10.37
P/S 0.68
P/FCF 12.12
P/OCF 3.63
P/B 1.79
P/tB 2.1
EV/EBITDA 1.75
EPS(TTM)2.5
EY8.62%
EPS(NY)2.8
Fwd EY9.64%
FCF(TTM)2.39
FCFY8.25%
OCF(TTM)8
OCFY27.57%
SpS42.39
BVpS16.19
TBVpS13.81
PEG (NY)0.98
PEG (5Y)0.21
Graham Number30.18
Profitability
Industry RankSector Rank
ROA 3.83%
ROE 12.48%
ROCE 27.06%
ROIC 21.37%
ROICexc 26.43%
ROICexgc 28.5%
OM 25.85%
PM (TTM) 4.77%
GM 47.87%
FCFM 5.65%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-19.71%
OM growth 5Y27.45%
PM growth 3Y-37.26%
PM growth 5YN/A
GM growth 3Y-9.17%
GM growth 5Y-2.43%
F-Score5
Asset Turnover0.8
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 5.22
Debt/EBITDA 0.65
Cap/Depr 112.19%
Cap/Sales 13.22%
Interest Coverage 41.14
Cash Conversion 50.14%
Profit Quality 118.5%
Current Ratio 1.24
Quick Ratio 1.13
Altman-Z N/A
F-Score5
WACC7.69%
ROIC/WACC2.78
Cap/Depr(3y)111.52%
Cap/Depr(5y)107.58%
Cap/Sales(3y)11.67%
Cap/Sales(5y)9.97%
Profit Quality(3y)109.15%
Profit Quality(5y)132.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-22.98%
EPS 3Y-29.61%
EPS 5Y54.69%
EPS Q2Q%28.57%
EPS Next Y11.87%
EPS Next 2Y10.2%
EPS Next 3Y8.24%
EPS Next 5Y6.62%
Revenue 1Y (TTM)3.24%
Revenue growth 3Y-10.78%
Revenue growth 5Y18.26%
Sales Q2Q%-4.38%
Revenue Next Year-5.99%
Revenue Next 2Y-2.44%
Revenue Next 3Y-0.4%
Revenue Next 5YN/A
EBIT growth 1Y-11.04%
EBIT growth 3Y-28.36%
EBIT growth 5Y50.72%
EBIT Next Year22.94%
EBIT Next 3Y5.47%
EBIT Next 5Y2.61%
FCF growth 1Y-24.66%
FCF growth 3Y-39.15%
FCF growth 5Y25.63%
OCF growth 1Y-0.69%
OCF growth 3Y-17.16%
OCF growth 5Y13.97%

EQUINOR ASA-SPON ADR / EQNR FAQ

What is the ChartMill fundamental rating of EQUINOR ASA-SPON ADR (EQNR) stock?

ChartMill assigns a fundamental rating of 5 / 10 to EQNR.


What is the valuation status of EQUINOR ASA-SPON ADR (EQNR) stock?

ChartMill assigns a valuation rating of 7 / 10 to EQUINOR ASA-SPON ADR (EQNR). This can be considered as Undervalued.


How profitable is EQUINOR ASA-SPON ADR (EQNR) stock?

EQUINOR ASA-SPON ADR (EQNR) has a profitability rating of 5 / 10.


What is the financial health of EQUINOR ASA-SPON ADR (EQNR) stock?

The financial health rating of EQUINOR ASA-SPON ADR (EQNR) is 4 / 10.


What is the expected EPS growth for EQUINOR ASA-SPON ADR (EQNR) stock?

The Earnings per Share (EPS) of EQUINOR ASA-SPON ADR (EQNR) is expected to grow by 11.87% in the next year.